Deal: Trilegal advises MEMG Group on INR 80,000 million IPO of Manipal Health Enterprises

Trilegal advised the MEMG Group, including Dr. Ranjan Ramdas Pai, Manipal Global Health Services, MEMG International Ltd (promoters), and Manipal Education and Medical Group India Private Limited (promoter group selling shareholder), on the Manipal Health Enterprises’ proposed initial public offering of equity shares of face value INR 2 each (the “IPO”).

The IPO comprises a fresh issue aggregating up to INR 80,000 million and an offer for sale of up to 43,227,668 equity shares by the selling shareholders.

The Trilegal Capital Markets practice Team advising on the mandate was led by Partner: Vijay Parthasarathi, and supported by Associates: Prajna Kariappa, Shashwat Raj Solanki, Jahnavi Jayasimha Rao, Vansh Dhoka, and Joseph George.

The Trilegal Corporate practice Team advising on the matter was led by Partners: Harsh Maggon and Ankit Kejriwal; and comprised Senior Associate: Nehal Binani and Associate: Dhanush T.

The Trilegal Finance practice Team advising on the matter was led by Partners: Kannan Rahul and Vidhi Sarin, and supported by Counsel: Shreya Menon.

About Trilegal

Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With over 150 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,200 professionals across its Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City offices.

Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024.

For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal-test.kwebmaker.co.in